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Environmental stewarship

We are taking care of the environment

Adopting a sustainable approach also means looking at the impact of our activity. It is about reflecting on how we can contribute to a more sustainable future. With this in mind, we developed the Social Dividend model with challenging objectives.

 

We are reducing our environmental footprint

In order to reduce electricity consumption, we have implemented various initiatives to make us energy efficient.

  • Consumption of electricity free of carbon dioxide emissions (CO₂) from November 2021;
  • Reduction in the number of consumption sites (branch network and buildings);
  • More energy-efficient HVAC, IT and lighting equipment in the New Distribution Model;
  • Setting the time limit for using main buildings, centrally switching off HVAC systems and lighting;
  • Progressive replacement of lighting with LEDs;
  • Enhancement of the consumption monitoring programme and the adoption of preventive and corrective measures.

We are aware of climate change

The preservation of the planet is an issue that should be given attention by all players, particularly economic ones. We are aware of our role, given that the financial sector is one of the main drivers of the economy, so we promote access to capital for sectors related to sustainable development.

Business Ambition for 1.5ºC

At novobanco, we are committed to aligning our decarbonisation plans with the ambition to limit or mitigate global warming. To this end, we signed the Business Ambition for 1.5˚C, a charter that encourages companies, organisations and governments to create measures to reduce greenhouse gas emissions in order to achieve the transition to a low-carbon economy and prevent the atmosphere from overheating.

 

Letter of Commitment to Sustainable Finance in Portugal

We also want to contribute to the promotion and development of sustainable financing in Portugal, continuing the work that has been carried out by the Reflection Group, to which we belong. To this end, we have signed the Charter of Commitment to Sustainable Financing in Portugal, which you can consult below.

Letter of Commitment to Sustainable Financing Letter of Commitment to Sustainable Financing